Really close now to the bottom, but not quite there yet. I do think we'll see it soon though, like today or Tuesday. Of course the wave count has changed some now that we've made a lower low. My best guess is that we should have a bounce Monday for a Small Wave 4 after first retesting the Friday low to complete Tiny Wave 5 inside Small Wave 3 down. Then Tuesday we should see Small Wave 5 down, inside Medium Wave 5, inside Large Wave 4, which should complete it all. Below is a chart...
From there we should rally hard for 2-3 weeks with 6500+ possible, and that will be Large Wave 5 to complete it all and then the bear market can start with February producing a nasty 10-20% drop. This is my Bullish Wave Count of course as I just think the odds are less and less that we don't make a higher high on the next big squeeze up. I'm sure there will be some news event to blame it on afterwards but we should bottom by Tuesday and start a powerful rally that should be the last one in the multi-year bull market.
Have a blessed day.
